Corning-NVIDIA partnership: 10x optical capacity, 3 new plants, $500M warrant sale

CORNING INC /NY

Corning issued NVIDIA warrants for $500M: 15M shares at $180 (traditional) and 3M pre-funded at $0.0001.
Corning to expand U.S. optical connectivity mfg capacity 10x and fiber production >50%.
Three new plants in N.C. and Texas; more than 3,000 high-paying American jobs to be created.
Partnership targets AI factory buildouts using NVIDIA GPUs; optical connectivity cited as critical component.

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